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A 72-hour clause, typically inserted in real estate sale contracts, is also known as an escape clause, release clause, kick-out clause, hedge clause or right of first refusal clause. [ 1 ] The 72-hour clause is a seller contingency which allows the seller to accept a buyer's contingent offer to purchase his/her property, while allowing the ...
Money is the most common form of consideration, but other consideration of value, such as other property in exchange, or a promise to perform (i.e. a promise to pay) is also satisfactory. Notarization by a notary public is normally not required for a real estate contract, but many recording offices require that a seller's or conveyor's ...
The codes which preceded the ORS are Deady's General Laws of Oregon (1845–1864), Deady and Lane's General Laws of Oregon (1843–1872), Hill's Annotated Laws of Oregon (1887), Hill's Annotated Laws of Oregon (2d ed. 1892), Bellinger and Cotton's Annotated Codes and Statutes of Oregon (1902), Lord's Oregon Laws (1910), Oregon Laws (Olson’s ...
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Ballot Measure 47 was an initiative in the U.S. state of Oregon that passed in 1996, affecting the assessment of property taxes and instituting a double majority provision for tax legislation. Measure 50 was a revised version of the law, which also passed, after being referred to the voters by the 1997 state legislature.
Property taxes dedicated for school funding were capped at $15 per $1,000 of real market value per year and gradually lowered to $5 per $1,000 per year. Property taxes for other purposes were capped at $10 per $1,000 per year. Thus, the total property tax rate would be 1.5% at the end of the five-year phase in period. [2]
The Oregon Constitution is the governing document of the U.S. state of Oregon, originally enacted in 1857. As amended the current state constitution contains eighteen sections, beginning with a bill of rights . [ 1 ]
Eastward, Oregon Route 126 crosses the Cascades and leads to central and eastern Oregon. Randy Papé Beltline: Beltline is a limited-access freeway which runs along the northern and western edges of incorporated Eugene. Delta Highway: The Delta Highway forms a connector of less than 2 miles (3.2 km) between Interstate 105 and Beltline Highway.
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